Hope is not a strategy

Category: SONIA discounting

Imagine you’re a trustee of UK defined benefit pension scheme and you’re in this quarter’s investment committee meeting. Just after the scheme secretary has gone though the actions log and before you hear your consultant’s latest investment idea, your actuary presents an update on your funding position. If you are like most UK pension schemes, … More Sonia discounting and the Whac-A-Mole world of LDI